April 1, 2023

The Queens County Citizen

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The Quebec millionaire was shown the door by Elon Musk

The Quebec millionaire was shown the door by Elon Musk

Billionaire Elon Musk, who just bought the social network Twitter, axed the board of directors. One of the two nine victims was Quebecer Patrick Pichet, who was recently elected chairman of the board.

• Also Read: Twitter’s new owner, Elon Musk, aired the false allegations and deleted his tweet

• Also Read: Laws, security and ethics: Elon Musk against the wall on Twitter

The acquisition of financial giant Twitter was completed on Thursday evening. Iconoclastic’s founder says he plans to take the company private to make significant changes.

One of the victims of Musk’s new focus is Quebecer Patrick Pichette, who served as director of Twitter’s board of directors from 2020 to 2021. His appointment makes him the board’s first “independent” director, or non-executive director. The organization Patrick Pichette was also Google’s Chief Financial Officer from 2008 to 2015. During this period, he was involved in Google’s growth program and the creation of Alphabet’s structure.

Patrick Pichet was congratulated by Prime Minister Francois Legault on Twitter for his appointment.

Screenshot, Twitter

Patrick Pichet was congratulated by Prime Minister Francois Legault on Twitter for his appointment.

Inside the Twitter Sale

Reached by email, Mr. Pichette said he was “again a free citizen of my Twitter responsibilities.” Last Friday, he posted a tweet in the form of a to-do list. One of them: “Elon to honor its $54.20 offer for Twitter,” suggesting that Quebecer could play a big role in the deal. “You can read between the lines,” he wrote to us about this tweet hours after the ax fell.

He wanted a private lake

We remember that in 2014, thirteen citizens of Boileau, Outaouais, fought and won in the Court of Appeal against the then Google Vice President Patrick Pichette and his partners. They claim exclusive fishing rights on the lake in their vast private Canuck reserve at Lac Papineau.

Patrick Pichette in 2014

Photo Archives, Ben Pelosse

Patrick Pichette in 2014

In 2013, Fairmont sold Canuck Reserve to Patrick Pichette and his partners for approximately $40 million. For the transaction, the latter used Bermuda Shell, The Bay Meadow Limited Partnership.

Patrick Pichette is now a partner in international business at INOVIA, a Canadian venture capital firm. His office is in London.

Cleansing must come

Elon Musk, the boss of electric vehicle maker Tesla, wants to clean up Twitter. According to the Washington Post, the first round of layoffs led by his lawyer, Alex Spiro, will target 25% of employees. This represents nearly 2,000 of the company’s more than 7,000 employees.

According to The New York TimesMusk will appoint a new board of directors in the coming weeks.

The billionaire recently called himself “Chief Twit” on the social network. The purchase of Twitter by Musk, for a sum of $44 billion, has signaled Donald Trump’s return to this social network in particular. Musk defines himself as a great defender of freedom of expression.

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